Lithuania: Harmonized inflation declines to lowest level since August in November
Harmonized inflation came in at 21.4% in November, which was down from Octobers 22.1%. November’s reading represented the lowest inflation rate since August. Inflation was driven by moderating price pressures for transportation, as well as for housing and utilities.
That said, the trend pointed up, with annual average harmonized inflation coming in at 18.1% in November (October: 17.1%). Meanwhile, consumer price inflation fell to 22.9% in November, from Octobers 23.6%.
Finally, harmonized consumer prices increased 0.33% in November over the previous month, moderating from October’s 1.33% rise. November’s result marked the weakest reading since February 2021.